British Land share price: Group announces solid Q1 performance

British Land (LON:BLND), the UK’s second-largest real estate investment trust (REIT), has reported a good start to the year, with strong occupational demand and lettings well ahead of estimated market rental value.

The FTSE 100-listed property group said in a trading update this morning that it had recorded 129,000 square feet of lettings and renewals for its retail division in the first quarter. Similarly, its office division recorded 132,000 square feet of lettings and renewals in the same period.

British Land also confirmed last week’s news that its Leadenhall Building, also known as the Cheesegrater, is now 90 percent full – up from 84 percent at the end of March. The REIT further remarked that its financial position remained strong and raised its Q1 dividend by 2.5 percent to of 7.09p.

British Land’s CEO, Chris Gigg, stated: "We've had a good start to the year, making real progress against the priorities set out at our results in May in what are strong occupational and investment markets. In Retail, our operational metrics remain strong and we continue to recycle capital by selling selected mature assets and investing into our existing portfolio. In Offices, we're pleased with the deals we've done at the Leadenhall Building and in the supply constrained City market we're positive about our prospects on the remaining space."

Despite the upbeat interim trading update, British Land’ share price declined this morning. After a brief increase at the opening bell, the stock fell, changing hands 0.06 percent lower at 846.00p as of 08:43 BST.

Website Terms of Use By accessing and using this website, you agree to the following terms of
use:

1. Jurisdiction The information provided on this site is not intended for distribution to, or use by,
any person or entity in any jurisdiction or country where such distribution or use would be contrary
to law or regulation or that would subject iNVEZZ to any regulation under, or registration
requirement within, such jurisdiction or country. Products or services described herein may not be
available in all jurisdictions.

2. Non-Solicitation Neither the information, nor any opinion contained in this site, constitutes a
solicitation or offer by us to buy or to sell any investments or other financial instruments or to
provide any investment advice or service, whether relating to buying, selling, holding investments
of any description.

3. Suitability of Investment Use of this Website We advertise the services of others involved in
financial markets. We do not provide advice concerning the suitability or value of any particular
investment or investment strategy. The content of this website is provided for general information
purposes only and does not constitute financial or other professional advice.

4. Risk Warning Forex, Spread Bets and CFDs are high risk and losses can exceed your investment.
Binary options are speculative and you can lose some or all of your investment.

I certify that this review is based on my own experience and is my genuine opinion of this provider, and that I have no personal or business relationship with this establishment, and have not been offered any incentive or payment originating from the establishment to write this review. I understand that iNVEZZ has a zero-tolerance policy on fake reviews.

Writing great reviews helps others discover the providers that are just right for them. Here are a few tips:

Be informative and insightful: Be specific and relevant to the provider you’re reviewing, and describe what other users are likely to experience.

Keep it real: Be authentic. Review your own experience, and explain why you liked or disliked the provider. Try to be as accurate as possible, and include both the positive and negative aspects of your experience.

Be respectful: Not every experience with a particular provider is going to be perfect. Sometimes you’ll want to share negative feedback. Even if you’re frustrated, make sure your criticism is constructive. Business owners often use feedback to improve their offerings.

Write with style: People will pay attention when you write thoughtful reviews. Keep them readable and avoid excessive capitalization or punctuation. Use good grammar, check your spelling, and avoid profanity. Choose the right length - a paragraph is great. Be creative and have fun!

Filter

KPIs

Customize

Report review

What is the issue?

Upload photo

Crop photo

Insert link

URL

Anchor text

Upload photo

iNVEZZ SWOT explained

Welcome back! It seems that last time you subscribed for Royal Mail alerts.

Since you’re just one step away from all the good stuff, here’s just a few of the reasons why you might consider becoming an iNVEZZ member: